All information contained in this website is not intended to be used for the purchase or sale of any security, currency, commodity, cryptocurrencies, or other financial instrument. Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP Given the direction the world is going, ask yourself: who will be around in 20, 30, or even 40 years? The fact that XRP is falling less than the rest of the crypto market suggests that sentiment toward it is fairly bullish. The SEC may win the case, and XRP (the native cryptocurrency of the Ripple Blockchain) will be classified as a security rather than a currency in the United States. JP Morgan: "If Ripple wins SEC lawsuit, XRP is poised for significant XRP Is a Great Long-Term Buy No Matter What Happens With the SEC If the company is found guilty, it could face severe fines and lose its status as a leader in cryptocurrency. Even though it isnt very apparent which party has the upper hand, it wouldnt be wrong to claim that the pendulum is oscillating in the blockchain companys favor, for now at least. The Ripple Labs Inc. and XRP II, LLC have settled all outstanding lawsuits between the companies, according to a joint press release on Tuesday. Ripples native token XRP is hovering around the $0.47 mark after reaching a yearly high of $0.57 last month. Im betting that because the law is on our side. Ripple has successfully argued against the SECs request to revoke the amici status of XRP holders, as well as keep John Deaton from participating in the case. At this point central banks, institutions, and businesses will begin to use XRP to make transactions. Almost two years after the filing, the court is yet to provide a ruling which some believe will impact the entire cryptocurrency industry. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. (Speculative surges in the seven months. The SEC v. Ripple Labs Inc case was filed in the U.S. District Court for the Southern District of New York, No. Lockridge is a believer in the transformative power of crypto and blockchain industry. The final ruling in the Ripple vs. SEC lawsuit could drag to the end of the first quarter of 2023, according to Ripple's CEO Brad Garlinghouse. Ripple* I can imagine a settlement is under negotiation between XRP and the SEC. Forbes makes no representations or guarantees that the data, information, research, analysis, and software available on or via Forbes will be accurate or complete. The price will rise significantly to around $10-15. Cloudflare Ray ID: 7c06ee630cee87d5 It may also result in cryptos being classified as securities, as well as establishing a legal precedent that would govern similar types of investments Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K Today? The higher this metric, the more efficient a bank is using its stakeholders money. XRP Price Prediction if It Wins Lawsuit - DailyCoin We're helping the world invest better. Use the market downturn to tap the recovery. With climate change at the front of many peoples minds (from governments to investors), energy companies, old and new, are constantly adapting to a new world. For more information, please see our If this is the case, XRP would be worth more than $250 per token. Its basically just status quo. What happens if Ripple wins the SEC case? #shorts - YouTube If Ripple Labs wins the lawsuit, it will be able to thrive.

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